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Search Results 0 to 28 of about 29 (some duplicates have been removed)
CNBC
Jan 21, 2013 2:00pm EST
at the university of san diego law school, and an expert on sarbanes-oxley. >> the idea was to have a criminal statute in place that would make ceos and cfos think twice, think three times, before they signed their names attesting to the accuracy of financial statements or the viability of internal controls. >> and this law has not been used at all in the financial crisis? >> it hasn't been used to go after wall street. it hasn't been used for these kinds of cases at all. >> why not? >> i don't know. i don't have a good answer to that question. i hope that it will be used. i think there clearly are instances where ceos and cfos signed financial statements that said there were adequate controls, and there weren't adequate controls. but i can't explain why it hasn't been used yet. >> we told partnoy about eileen foster's allegations of widespread mortgage fraud at countrywide and efforts to prevent the information from reaching her, the federal government, and the board of directors--in violation of the company's internal controls. i mean, that's a deliberate circumvention, right? >> it certainl
CNBC
Jan 22, 2013 4:00pm EST
the president's desk he would not stand in the way of the bill becoming law. >> the bottom line, of course, is that having broken the link between specific spending cuts and specific dollar increase in the debt ceiling it becomes easier for congress to shift the fight over spending and taxes and revenue on to different ground. of course, the quester and the -- the continuing resolution to fund the government, but you're hearing some of both parties saying they might even accept the sequester. some of the stakes appear to be fading from these disagreements that paralyzed washington at the end of last year. >> when i heard this original deal profrksd i thought it was on the condition that the senate eventually congress had to actually pass a budget finally. >> that's still on the table. >> that is still on the table. a little bit less clear is the fate of the idea that somehow pay would be suspended for members of congress if they don't pass a budget. >> right. >> there are questions about the constitutionality of that provision, but the entire provision is to try to force the senate to forc
CNBC
Jan 24, 2013 7:00pm EST
to ban guns from law-abiding citizens for decades. they add the american people know gun bans do not work and we are confident congress will reject senator dianne feinstein's wrong-headed approach. right here we'll debate. let's go to our cnbc contributor and author of "divider in chief" and kay bailey hudson. i was reading former new york police chief bill braddon who thinks the gun ban is crazy. there's 350 million firearms out there, including assault weapons. you think this feinstein approach has a chance? >> well, i think that harry reid gave you the signal that it's going to be very difficult because he said i'm not bringing up anything in the senate that isn't going pass in the house. because he has vulnerable democrats who are up for election in 2014 that are in states that value their guns, and i think that it's going to be very difficult. and i also think republicans are looking at other issues like violence in the movies, violence on these video games and that it's a culture thing that has to be talked about and a part of the debate as well as just always focusing on the limita
CNBC
Jan 28, 2013 4:00pm EST
from both sides of the aisle are agreeing on a proposal to reform immigration laws ahead of the president's announcement tomorrow. back in a moment. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >>> welcome back. don't get t
CNBC
Jan 20, 2013 11:00pm EST
in international waters, where there's no law against finning. but on land, laws can be enforced. in cape town recently, authorities raided several processing plants owned by hong kong chinese. seven tons of fins were confiscated. this is only a small fraction of the whole. and after you've seen those fins laid out, have another look, as we did, at sharks doing what sharks do-- at a cow shark weaving through an underwater forest; at the perfect geometry and grace of a blue shark in cold, clear water. it's not the shark's fault that we've demonized him for so long. besides, we need our demons; they've been with us, in our minds, as long as gods. so the next time you're in a chinese restaurant and feel like some soup, why not stick to the egg drop or the wonton? give the shark a break. >> since our report first aired, the worldwide shark tourism business has continued to thrive. but there is some good news for the sharks. in january of 2011, president obama signed into law the shark conservation act. it outlaws shark finning by requiring that all sharks caught in u.s. waters be landed with their
CNBC
Jan 24, 2013 4:00am EST
the rule of law with the rest of the world, they would be happy with that. >> i talked to the planning people and the ceos of a lot of multi nationals. none of them that i speak with are saying that. the uk should never become hong kong or singapore not because they aren't great things, but because they're tiny countries. of course we'll have to stick with rule of law. of course we'll have to play to their financial strengths. but that's not going to be enough if they pull themselves out of their most important political and economic relationship and if they seem to be america's wrij into europe. >> what -- the u.s. feels very strongly, it's extraordinarily strong remarks, unusual. why was that? is it because actually they view the uk as the biggest proopponent of trying to get a single market to work and if europe is not in it, they're more competitive? >> i think they view the uk's voice as more liberal and more broadly european affairs is an important one and it's a question of the uk is in many ways the u.s.'s most important national security ally. and pulling out politically inter
CNBC
Jan 28, 2013 4:00am EST
of the regular tatory structure of the eu and of eu laws on our economic activities. and i think most people, if we have an electoral campaign in the city, i think it might become a bit clearer to people with the costs and benefits of leaving. >> what about joining america, the 51st state? we've learned the united states has no interesting in leaving the -- we've had several warnings making it clear that the special relationship as such exists depends on britain and part of the eu. >> and i wonder why to them it's so important that the status quo is maintained. >> for the united states? >> yes. >> because britain clearly, thelithe li linguistic say close corporation on military issues means that there is a level of trust, perhaps, as the u.s. bank is more difficult to establish with other major european nations. so it's very important. >> interesting with more on that in a bit. we also want to follow what is happening with italy. shares are trading higher after monte paschi gave the go ahead for a bailout. the group is seeking a new investor to keep the company afloat. it comes as the bank's
CNBC
Jan 25, 2013 1:00pm EST
? that's in the eye of the law. unless ackman gets the law involved, i think loeb can win. i think loeb can win -- >> he can win but he can win if he gets out by the time the trade occurs unless there stakeover and then the stock -- by the way -- wait a minute. if there a take over, ackman can also win. both of them could win. >> this never puts tech nicks on. we put technicians on everyday. many times they are right. what do they know about the company? they pride themselves in not knowing. take that money. this t is incredible when you go to the bank with the winnings. oh, no you did that because it was reverse head and shoulders. no! >> i think that is an interesting dynamic here. quick word. at herbalife investor conference, you were there as well. i talked to michael johnson afterwards. there is an air of confidence, considering how they are under assault. they did not make a point by point rebuttal of ackman. didn't even try. they addressed some points. they talked about why they are an pyramid scheme. they talked about the science and attractiveness of their products. that's it.
CNBC
Jan 22, 2013 11:00pm EST
components. the company has a sporting goods division, with ammunition for sporting and law enforcement, along with shooting accessories. now whatever you think of guns the stock we know that people are owning guns at alarming rates because they fear the legislation and if people are buying more guns they are buying more ammunition and accessories. the acts of senseless violence you have seen in the news including the one today, makes this a hard stock to talk about. i am asked multiple questions every day about the gun stocks. i refuse to answer them, but i do understand that profiting from a military play is a pretty healthy situation for that contractor even if it is bad for the country. if it bothers you, i can see how this stock would turn you off. don't walk away as a statement. instead, if you want to make a difference, own the stock and then donate the profits to a charity of your choice. which is what i did with altria. i did give a lot of money away to fight what they do. because of a robust defense orders and the need for defense companies to grow, i believe it is going to go
CNBC
Jan 23, 2013 6:00am EST
using google, searching for things, clicking on ads is actually slowing. >> is this just the law of big numbers, though? >> well, i mean, google is doing $50 billion a quarter in revenue and is kind of hitting this sort of inflection point, slowing growth. apple hit that same inflection point at $150 billion in growth. so to a certain extent, it is a -- a law of large numbers. but the thing is, this is a tech company. and i think this is an overall problem for tech is that growth in tech is slowing. as tech becomes a bigger part of the economy, it's not growing as fast as it used to. jordan's take -- and, you know, i asked him what to watch for. his take was that as a -- becomes a mobile search more than a -- i guess a search p.c., that it's only, what, 20% now. cheaper mobile. once you get to the point where mobile becomes a bigger part, that then it can start growing again. what -- did it hit that inflection point yet where mobile has become bigger enough to start adding to growth? >> if you go back, actually, like two years ago, growth had slowed. it was in the high teens, 18%, 19%.
CNBC
Jan 23, 2013 7:00pm EST
't require a vote. it is the law. it says you do nothing, the whole sequester goes through, 1.2 trillion, you know this better than i do, about $100 this will this year. will it go lieu? >> i think the spend being cut will go through one way or the other. obviously i'd rather see us do a budget, prioritizing spending instead of cutting everything and we should eliminate programs that no longer work. one way or another there's a spending cut that will happening. i think it's better if we eliminate programs that are no longer useful and prioritize spending. that's what people do at home and we should be doing here. >> how about letting the spending sequester go through and then have a new budget for the new year and which will presumably trim budgets even more. >> larry, the one issue -- i serve on the armed services committee as well and i think there are some cuts there that go way too far. secretary panetta said we'd be undermining our national security for generations. the safety and security of our country, particularly with what we see happening overseas right now we've got to focus on. o
CNBC
Jan 22, 2013 1:00pm EST
there is a drag to the gdp. on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the house would force congress to pass a budget or see their pay cut. the risk there, of course, is members of congress might have to go quite some time without a paycheck. tyler? >> thank you very much, eamonn. >>> the gop originally wanted to tie the debt limit raise to spending cuts. so are republicans backing down as some in their own party say or is it just a shift in tactics? scott garrett is back with us, a republican from new jersey and vice chair of the house budget committee. welcome back. great to see you again. >> good to be back with you. >> happy new year. >> there are some people including senator rand paul of kentucky who say that at your conference last week in williamsburg you retreated on the debt ceiling issue. is that a fair characterization? if so, was it a change of heart or a change of tactics? >> i didn't hear rand's comment as far as that is concer
CNBC
Jan 23, 2013 12:00am EST
's an entire life that goes in the garbage. it's unbelievable. >> american law doesn't require a distinction between varieties of truffles. and this product does sell for considerably less than the best of france. but american consumers are being deceived into thinking they're getting the finest quality at a bargain price. the owner of this brand is pierre jean pebyre. >> this is your company, right? >> yes. >> okay, so we found this in the united states. >> yes. >> okay, so this says, "black winter truffles." >> yes. >> but it's chinese. >> it's chinese, yes. this is a tin. it's a french product. the truffles-- if i put--if i make the tin in china, it's a chinese truffle. >> i'm stunned. he was saying that since the truffles are packaged here, he can legally write "product of france" on the label. it feels like i'm being tricked
CNBC
Jan 21, 2013 11:00am EST
will defend our people and uphold our values through strength of arms and rule of law. we will show the courage to try and resolve our differences with other nations peacefully, not because we are naive about the dangers we face but because engagement can more durably lift suspicion and fear. america will remain the anchor of strong alliances in every corner of the globe, and we will renew those institutions that extend our capacity to manage crisis abroad for no one has a greater steak in a peaceful world than its most powerful nation. we will support democracy from asia to africa, from the americas to the middle east because our interests and our conscience compel us to act on behalf of those who long for freedom, and we must be a source of hope to the poor, the sick, the marginalized, the victims of prejudice not out of mere charity but because peace in our time requires the constant advance of those principles our common creed describes. tolerance and opportunity. human dignity and justice. we, the people, declare today that the most evident of truths that all of us are created
CNBC
Jan 25, 2013 9:00am EST
, they have to pay an additional 20% tax right now. unless the tax laws are changed through repatriation, i think that cash is just going to sit there offshore. >> or do another skype deal where they use that cash? >> you could use it, particularly for offshore acquisitions. but for the most part i think it's not able to benefit shareholders. it's just sitting there offshore in mostly government bonds offshore. they could bring it back. i think what would be most likely would be a much more aggressive share repurchase. they won't do a one-time dividend like they did years ago. >> your sneaky long is up 1.5%, rick. thanks for stopping by. >> thank you. >> rick sherlund. >>> what do family ties and initial public offering have in common? we'll find out when the ceo of bright horizons joins us next. say farewell to secretary geithner. we'll talk about his legacy and the challenges for his successor, jack lew. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. [ male announcer ] how do you turn an entreprene
CNBC
Jan 23, 2013 9:00am EST
with not passing a budget even though there's a law, the 1974 budget act, that requires congress by law to pass a budget? what's the enforcement of that? well, there's going to be enforcement after today. and the enforcement is you're not going to get paid like most of the american people do when you dornt do your job. >> right. salary would say go into escrow until the chamber does pass a budget. questions about constitutionality about that though. what do you make of them? >> well, look, we wouldn't be passing it if we didn't think it was constitutional, and the fact of the matter is if the house of representatives passes this with a majority instructing the treasury to withhold our pay if we don't pass a budget, we believe that's constitutional, as does the senate. if you vote with the majority vote, you can withhold our pay. look, what are we talking about if we hit the debt limit? we're not going to pay military personnel. we're not going to pay all those other things we're contractually obligated to do, the same thing with our own pay. if we can't start with ourselves, how can we threaten
CNBC
Jan 24, 2013 6:00am EST
. >> netflix, we use this. you can get old episodes of law through your playstation. >> you can have it put right into your television. >> see, video streaming service posting a profit of 15 krevents a share. my blackberry makes a sound every time i get a message. >> are you kidding? >> every time it buzzes, it's either itunes or netflix i've bought something. now, who is doing that? >> i would assume the kids are doing that. >> like every minute. it's like, oh. >> you know that sounds will annoy you. >> that's okay. can you -- >> does it bother you? >> no. i feel good. i feel like i'm -- >> i'm going to send you e-mails. >> i feel like i'm involved. did you see what facebook causes in people? >> what? >> loneliness, envy, jealousy, depression. here they are sitting in their dpred depressing basement and they're seeing these people doing these -- the lives they're lead sg like, my life is horrible. did you see that? facebook makes you depressed. >> it doesn't surprise me. especially when people are checking in on people that they're not friends with any more. >> right. >> it's like, look at
CNBC
Jan 25, 2013 6:00pm EST
laws allow that to be. i do believe it's going to blow a quarter. i think mtw should split itself up into two separate companies. food, service, and cranes. remember those ice machines when you go out to -- ice machines, you feel like you're getting something for free. it's really water. we also get results from beemus. its tom symbol is bms, which stands for buy my stock. here's the stock i mentioned earlier this week as part of the brand new bull market in packaging of all things. you're going to sey 15id that. i'm expecting a very good quarter after the close. we get the new one, the ipo, barry plastics. the other packaging bull market player. i think there's a lot to like here too. on the lookout for both of these. if buy my stock goes down ahead of when it reports, buy its stock. all right. now, on friday morning i think you're going to see the contrast between the world's largest oil company, exxon, which has truly become a serial disappointer, and chevron, which has become a company that delivers some true and positive surprises. which is why i even it for my charitable trust
CNBC
Jan 27, 2013 11:00pm EST
. and every major law firm, every major company knows this is the future. >> so who's to blame for the narcissistic praise hounds now taking over the office? wall street journal columnist jeffrey zaslow covers trends in the workplace and points the finger at the man who was once america's favorite next-door neighbor. >> ♪ it's a beautiful day ♪ in this neighborhood >> you got a guy like mr. rogers, fred rogers on tv. and he was telling his preschoolers, "you're special. you're special." and he meant well. but we, as parents, ran with it, and we said, "you, junior, are special, and you're special, and you're special." and for doing what? we didn't really explain that. >> but isn't this generation, particularly of middle-class kids, really quite special? aren't they, in some ways, much better than your generation, certainly mine? >> well, except when we were younger, you had a piano teacher who expected you to practice your piano and work hard at it, and the parents expected it. and now parents say, "have fun, learn the piano, practice a little bit." so there's not the expect
CNBC
Jan 23, 2013 4:00am EST
of law, transparency, opportunity to get good managers. the u.s. will grow at a reasonable rate this year, 2%, 2.5%. outside of the united states, the best emerging markets are china, brazil we like a great deal. other places like peru, colombia, chile, south africa, turkey. korea, as well, in asia, indonesia attractive. europe has appeal. it's been beaten down so much we think it's the largest emerging market in the world. price vs. been beaten down and -- prices have been beaten down and we think growth will occur. for example, a lot of banks have to sell assets. we recently bought tcw. an asset in the united states. not a european asset. but it was owned by a french bank. that's a good asset. we think we got it at a good price. there are many banks in europe who will sell assets this year and next. we think there are good opportunities to buy there. >> it's interesting because banks are being forced to do fire sale prices. they need to raise capital. that's an opportunity for you. >> i hope so. i hope these are fire sale prices. they're probably not going to be that cheap. the banks ca
CNBC
Jan 22, 2013 4:00am EST
the government has come out today and said that no, we don't need to think about revising the bank of japan law. it was a threat they had out there before this statement came out. i think that independent story is something we can forget about for the time being. i think the interesting point is that monetary policy, anyone will tell you, has its limitations. especially in a country like japan. i think the onus is going to start shifting to the government itself and the government is looking ahead to an election, as we talked about many, many times. and here becomes the tricky part because they're trying to embark on structural reforms, they're talking about tax reforms, as well. this will be a multi layered process and hopefully they'll be in power long enough to deliver some of those changes. i think the market was expecting for the bank of japan to come in .deliver everything that was going to solve all of japan's problems after decades of recession, then they were probably misguided. but for the moment, the reaction we're getting from people who were watching japan is they probably took as
CNBC
Jan 25, 2013 6:00am EST
-- >> it just is the law. i don't know what's. when it gets overloved and is people have been recommending -- remember on the way up people were saying, i don't like apple, i don't like google. i'm doing a spread because microsoft pays the dividend. the dividend is 3.3%. that's the kind of problem i think that these tech stocks grow to the sky. people think it's a tree and it's going to grow like jack and the bean stock. still, how many times -- microsoft shares, $27. it's just has been there for so long. let's look at at&t. i don't know what that means for am. did you see the final straights yesterday in apple? >> though. >> like down 65, i think. i don't know. down around $450. and who knows what -- now, you read the commentary. >> there it is. netflix shares are worth more than apple the. >> what? >> i don't know. it says that company is going to be worth more. >> wow. >> no idea. this is you, you talking. >> at&t also out with its earnings yesterday. came in the fourth quarter loss. but when you exclude the items related to pension costs and to super storm sandy, the telecoms are only
CNBC
Jan 25, 2013 4:00am EST
a date like you remember the law passed to the euro with date, there was a calendar and so on. there was a practice that had been been abandon and it's been resurrected by the leaders at the june summit. that summit has an importance which will continue to remain with us for a long time. so there has been substantial progress at the euro area governance level. and the third thing, of course, is the action and the actions undertaken by the ecb. we not only cut rates three times, we changed the collateral rules. we also launched in the early part of the year -- actually, it was the end of 2011, we launch today two very large ltros. it was 1 trillion gross injection of liquidity met was about a half a trillion. at that time, avoided a measure -- a major funding problem which could have had unexpected and dramatic consequences on the financial system. there was a funding -- people say use the word bunch. in the early part of the year, there were something like more than 230 million euro bank bonds coming through and 300 billion of sovereign issuance. so the banks that basically st
CNBC
Jan 28, 2013 9:00am EST
is our tradition in this country have made a great rule of law is predicated on a constant culture by getting around the in tent whether section 2 article 2 of the constitution, that's the government. whether it's business, pre-credit crisis and bundling of derivatives. when the private sector does these things, it's horrible. where did they learn it from? any government. the government. isn't it time they stop making their own rules because that's not why people elected them and go by the constitution versus get around it because everybody including our kids get around things and it really isn't the lesson government should be teaching. back to you. >> rick, thank you. >>> one analyst just downgraded shares in apple. his thoughts ahead. [ wind howls ] [ dog barks ] ♪ ♪ [ male announcer ] something powerful is coming. ♪ see it on february 3rd. ♪ (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i c
CNBC
Jan 22, 2013 6:00am EST
to say that this is just an extension of existing law, making it apply to new technology. there was a case, his pan igs united of buffalo, a nonprofit social services provider where a caseworker threatened to complain to the boss that others, other employees weren't working hard enough. one worker, mariana cole rivera posted a facebook message saying my fellow coworkers, how do you feel? four other people came back with sometimes angry, expletive laden responses. what the hell, we don't have a life as is. try to do my job, those five workers were fired. for posting those things, and the nlrb said that that is not okay. that this is free speech, they're allowed to vent, as they called it, and it's okay, and they had to be reinstated with their positions. now there were some other situations where the board said this is not free speech. they cracked down where a newspaper reporter, a homicide reporter at the arizona daily star in tucson posted some things saying, what? no overnight homicides? you're slacking, tucson. and another began by saying, you stay homicidal, tucson.
CNBC
Jan 28, 2013 6:00am EST
't there lawfully then they can't enter lawful orders or rules. so it appears to me that you could probably have an attack against all of them in total. >> but while it's going to be probably appealed i wonder if you have any idea how long that takes? and in the meantime, i mean cordray is only there till the end of the year anyway. and there are some people that think that maybe republicans come back now and say, look we'll give him a normal -- we'll vote on him and we'll let him become the -- you know we'll put him in this position if he changes some of the things we want changed in the charter of the pb or cpmb. are people talking about doing that? >> no, you know our position was reasonable from the start we just wanted to sit down with the president or whoever and try to work out some problems with this new federal agency, and so we'll see. i don't know how the white house will react to this. >> but i wonder, when they come out with -- they've got all these things they're going to do. hundreds of things, every single one that they try to enforce, do people go, i'm not going to -- i'm not go
Search Results 0 to 28 of about 29 (some duplicates have been removed)